secwatch.observer — SEC 8-K summary
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Issuer:     CoreCivic, Inc. (CXW)
CIK:        0001070985
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001193125-24-195876
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoreCivic reports Q2 2024 revenue of $490.1M, net income $19.0M, provides full year guidance
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- Total revenue $490.1M in Q2 2024, up 6% vs Q2 2023; occupancy rose to 74.3% from 70.3%.
- Adjusted EBITDA was $83.9M, up 16% from $72.1M; Normalized FFO per share up 27% to $0.42.
- Repurchased 1.3M shares for $20.1M in Q2; board authorized additional $125M buyback, leaving $177.9M remaining.
- ICE terminates South Texas Facility effective Aug 9, 2024; facility contributed $39.3M revenue in Q2, impact in guidance.
- Full year 2024 guidance: Adjusted EPS $0.58-$0.66, Adjusted EBITDA $302.4M-$308.4M; no debt maturities until 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070985/000119312524195876/0001193125-24-195876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070985/000119312524195876/d819493d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-195876

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer